Finance News – U.K.
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Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’
Kemi Badenoch supports maintaining the pension increase mechanism despite warnings from the UK’s fiscal authority that its expenses have significantly exceeded initial forecasts.
Read Full Article →What is the triple lock and how much is the state pension worth?
The mechanism ensures that state pension payments increase annually based on the highest of inflation rate, average wage growth, or a minimum percentage, protecting retirees’ incom...
Read Full Article →State pension could face insolvency by 2036 despite tax hikes
New projections suggest that government welfare spending may exceed revenue from National Insurance within the next decade, potentially jeopardizing the long-term viability of the...
Read Full Article →Labour urged to scrap state pension triple lock
The Institute for Fiscal Studies recommends ending the current pension guarantee worth £145 billion and introducing mandatory employer contributions to private pension plans to add...
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